Not all taxpayers may know that there are several tax deductions applicable in our annual dues to the government. Surprisingly, these deductions may come from expenses we normally incur in our homes or at work. They, however, come with a set of rules on amount coverage and computation. Here are some common tax deductions you may want to consider on your next tax … [Read more...]
Trump’s Massive Tax Relief: Is it the Best Christmas Present of All?
President Trump presented his administration’s massive tax relief plan as some kind of a Christmas gift to the United States. The tax reform was pitched during his keynote speech at the Heritage Foundation in mid-October. Read what The Hill has to say. 🔥🐉 Corp tax rate drops 35% to 20% $200B to elite & investors Foreign investors get $70B! 80% get little / pay more! … [Read more...]
Federal Income Tax Calculator: How to Estimate Your Taxes?
This tax season, if you're looking for a rough estimate of what you'll pay, then you can be your own federal income tax calculator. With just a couple formulas, you can find out how much your federal income tax return will be. This article won’t make you the IRS tax calculator genius, but it will help you be more informed about your federal taxable income. Federal Income Tax … [Read more...]
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